For individuals and businesses with foreign financial accounts, strict adherence to FBAR reporting rules is essential, and the cost can carry over to your estate.

BEA administers the mandatory BE-10 survey to obtain key statistics on U.S. investment abroad for U.S. agencies, policymakers, business ...

India has been receiving details of assets and income parked abroad ... 2024 from over 108 countries included foreign accounts and income in the form of interest and dividends earned outside ...

In September last year, India received financial information from over 108 countries regarding foreign accounts and income in the form of interest and dividend earned outside India. Kindly note ...

Learn how foreigners can file personal income tax in the Philippines, understand tax residency, rates, deductions, and filing ...

The CRA reassessed the taxpayer for those taxation years to include in his income amounts in connection with the Swiss bank account, and imposed both gross negligence penalties, and penalties for the ...

On January 30, 2025, a bipartisan group of US Senators released a discussion draft of the Taxpayer Assistance and Service Act (“TAS Act”), ...

The income tax department has said that it has identified people with undisclosed foreign accounts or assets or foreign sourced ... process and scrutiny of Form 15CC, a quarterly statement of ...

Expats have two further reports for foreign financial accounts and assets: FBAR and FATCA Form 8938. Both reports are meant to combat tax evasion but have some key differences. The FBAR ...

Shah Rukh Khan has secured a crucial legal victory as the Income Tax Appellate Tribunal (ITAT) ruled in his favour, ...

A Bollywood actor wins a major tax case on Foreign Tax Credit (FTC). Learn how FTC works, key legal takeaways, and how to ...